Anta breaks new ethical ground – first Chinese company to join Better Cotton Initiative
Anta Sports Products, the Chinese giant that bought Amer Sports earlier this year and now owns world-famous brands like Salomon and Wilson, as well as its homegrown collections, has broken new ground by joining the Better Cotton Initiative (BCI). Anta is the first Chinese company to join the BCI, which includes big names like Nike and Adidas, and is in a strong position to champion the Initiative’s ethical goals in the country.
Anta Sports’ share price has appreciated by 66% year to date
Source: Yahoo Finance
The BCI is dedicated to making cotton production and supply better for the people involved in making it, as well as the environment and business. The Initiative works with 2.2 million cotton farmers around the globe and has roughly 1,600 members worldwide. These include farms, fashion and textile brands, civil society organisations, and more.
In a statement, Ding Shinzhong, Anta’s chairman and CEO, said: “We feel honored to see Anta Sports joining BCI and becoming the first sportswear company in China to join the organization. Being a leading sportswear company in China, Anta Sports fully understands the importance of sustainable development.”
“With a close relationship with the planting environment of cotton, and the market environment of cotton farmers, it was only natural that Anta sports therefore, applied to enter BCI, confirming its dedication to blending sustainable development with our daily business operations. In the future, we will continue to maintain and develop excellent environmental, social and corporate governance standards, building a healthier and greener textile ecosystem with our upstream and downstream partners.”
Dominion holds Anta Sports Products in its Global Trends Luxury Fund.
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